Business owners across the United States can breathe a sigh of relief with the latest announcement from the Financial Crimes Enforcement Network (FinCEN) about BOI reporting. On March 21, 2025, FinCEN revealed an interim final rule that lifts the burden of Beneficial Ownership Information (BOI) reporting requirements on domestic companies. This move, aimed at relieving […]

In an increasingly globalized world, many U.S. taxpayers find themselves with financial interests or assets located outside the United States. Whether through inheritance, investment, or business ventures, these foreign assets come with specific reporting requirements mandated by the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN). Understanding these requirements is crucial to […]

Remember when “downsizing” was something you did to your closet every spring? Now, it’s a buzzword for a major financial move: selling the big family home to streamline expenses, pocket extra cash, or fund that dream RV trip. Especially for Baby Boomers and Gen Xers stepping into retirement territory, downsizing isn’t just about purging your […]

In a significant shift impacting the tax landscape, the Internal Revenue Service (IRS) is projected to lay off approximately 6,700 employees right in the middle of tax season. As of the announcement, the IRS had expanded its workforce to roughly 100,000 employees after hiring initiatives initiated by the Biden administration, which aimed to enhance enforcement, […]

Employee Spotlight: Leo Crites At KEB, we love celebrating the achievements of our team members, and today, we’re shining the spotlight on Leo Crites from the Springfield office! Leo recently passed his CPA exams—a huge milestone in his career. Join us as we get to know more about Leo, his journey, and some fun facts […]

Andrew Potter first joined KEB as an intern in 2019. After gaining experience elsewhere, he returned to the firm in November 2022, bringing his strong passion for tax services and commitment to excellence. As a key member of the tax team, Andrew plays a crucial role in preparing and reviewing tax returns, managing his own […]

You, like most taxpayers, probably dread the task of pulling together your records to prepare for your tax preparation appointment, but the effort usually pays off in the extra tax you might save! When you arrive at your appointment fully prepared, you’ll have more time to: Consider every possible legal deduction; Evaluate which income reporting […]

The landscape of digital transactions has undergone a significant transformation over the past few decades, prompting the Internal Revenue Service (IRS) to introduce and adapt tax reporting mechanisms to keep pace with the evolving nature of online payments and e-commerce. One such adaptation is the Form 1099-K, “Payment Card and Third Party Network Transactions,” a […]

Tax season is just around the corner, and being prepared can make the process much smoother for you and your tax professional. At KEB, we want to ensure your tax filing experience is as seamless as possible. Here are some tips to help you get organized and ready: Don’t Procrastinate! The sooner you gather your […]

KEB is thrilled to shine the spotlight on Tyler Hall, who joined our team in September 2024 and has already been making a lasting impression at our firm! A proud graduate of the University of Wisconsin – Whitewater, Tyler double-majored in Accounting and Information Technology, achieving magna cum laude honors. Join us as we take […]